UMM Logo

Universitas Muhammadiyah Malang


Free Download Journals Directory


International Journal of Economics & Management Sciences

Models of Hedging the Price Risk of Raw Materials: A Literature Review

Mandeng Ma Ntamack Jules*
Faculty of Economics, Applied Management of the University of Douala, Douala, Cameroon
Abstract :

This article highlights a set of model risk management in commodity prices since the pioneering work of Yamey in 1951 to the most resents contributions. Only hear were taken into account theoretical models and in a nonexhaustive way, but grouped into three streams of reflection (the traditional models, modern approaches and recent contributions). The models place particular emphasis on the behaviour of suppliers of raw materials to the risk of price and seek ultimately to stabilize commodity prices turn an acceptable average. But the results obtained through various tests of these models show the apparent ineffectiveness of these and give reason to the market. This confirms the theory of efficient markets, in the sense that no one can beat it. 

Keywords :
Model; Price risk; Courses; Raw material; Stabilization; Efficiency; Market

Date Deposited : 04 May 2016 22:08

Last Modified : 04 May 2016 22:08

Official URL: http://www.omicsonline.com/

Volume 3, Number 5, December 2014 , ISSN 2162-6359

Download:
Full Text Original
Abstract : pdf doc